Resistance in Sweden to Selling, Rather Than Closing, Lignite Mines and Plants in Eastern Germany

first_img FacebookTwitterLinkedInEmailPrint分享Megan Darby for Climate Change News:The Swedish government is expected to decide this week whether to allow the sale of some of Europe’s most polluting assets. At issue are state-owned Vattenfall’s brown coal mines and plants in Germany, which it wants to offload to Czech firm EPH.Olivia Linander of 350.org urged the ruling parties to “show they take the Paris Agreement seriously” by blocking the transaction.An opinion poll commissioned by Greenpeace, WWF and Swedish Society for Nature Conservation suggests the public is inclined to agree. Nearly half (49%) oppose the sale, compared to 27% in favour.The figures are similar among voters for the Social Democrats, whose minister Mikael Damberg is responsible for the decision: 49% against, 32% for.Vattenfall expects to lose US$2.7-3.3 billion in the transaction, yet argues it is cheaper than holding onto the loss-making business.Shedding the five opencast mines and four power stations will shrink the firm’s carbon footprint by two thirds – seen as desirable for its reputation and bankability.Gerard Wynn, analyst with the Institute for Energy Economics & Financial Analysis, questioned whether it would really be more expensive for Vattenfall to decommission the mines.“If it is about brand, it is not great if you are potentially going to create a big mess in Eastern Germany,” he said. “Which is more important, bankers or your voters?”Sweden faces climate test as voters oppose brown coal sale Resistance in Sweden to Selling, Rather Than Closing, Lignite Mines and Plants in Eastern Germanylast_img

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